29 October 2015
Metinvest Group released its social report for 2013-2014. The document was prepared in accordance with the international Global Reporting Initiative (GRI 4.0) standard and the principles of the UN Global Compact.
The report highlighted key production achievements and social programs, in addition to partner, customer and community relations.
During this two year period, Metinvest focused on the modernization of its enterprises in Mariupol and Kriviy Rih that had an effect on the environmental. During this time, Metinvest Group spent approximately USD 1.36 billion to purchase and upgrade property, plant and equipment.
In the last year, with onset of the armed conflict in Eastern Ukraine, the company focused on rendering aid to affected people, relocating refugees and rebuilding the infrastructure of cities. Despite serious challenges, the Group retained its enterprises and jobs, continued paying salaries and providing social benefits, and paid taxes.
The Group is interested in workplace safety and environmental protection. During these two years, Metinvest invested around UAH 10 billion in these areas. In 2013, Metinvest's Green Centre started operating, implementing the environmental initiatives of Mariupol residents.
In 2013-2014, Metinvest increased social investments to develop the cities where its production facilities are located. UAH 230 million was spent in these two years on infrastructure, health care, sports and education, and corporate social programs. Over 200 social partnership projects have been implemented in the regions where the Group is located.
Yuriy Ryzhenkov, Chief Executive Officer of Metinvest Group:
"Last year was complex both for the Group and the industry as a whole. It did not break us, but made us united and stronger. We are continuing to implement environmental best practices, restore and improve cities, and build a modern European company in Ukraine."
Read the Russian version of the social report for 2013-2014 here.
- For editors:
METINVEST is an international vertically integrated steel and mining group of companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It has steel and mining production facilities in Ukraine, Europe and the US, as well as a sales network covering all key global markets. Metinvest Group is structured into Metallurgical and Mining Divisions. The Group has a strategic vision to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns at above the industry benchmarks. The Group posted US$1.8 billion of revenues and a 19% EBITDA margin for the first quarter of 2015.
The major shareholders of METINVEST B.V. (the holding company of Metinvest Group) are SCM (71.24%) and Smart Holding (23.76%), which partner in its management.
METINVEST HOLDING LLC is the management company of Metinvest Group.